AQR Capital Management LLC raised its position in shares of Standard Motor Products, Inc. (NYSE:SMP – Free Report) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,266 shares of the auto parts company’s stock after acquiring an additional 9,665 shares during the period. AQR Capital Management LLC’s holdings in Standard Motor Products were worth $4,000,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in SMP. Innealta Capital LLC acquired a new position in shares of Standard Motor Products in the 2nd quarter valued at about $25,000. Gladius Capital Management LP purchased a new position in Standard Motor Products in the second quarter valued at approximately $30,000. Russell Investments Group Ltd. acquired a new position in Standard Motor Products during the first quarter valued at approximately $205,000. SageView Advisory Group LLC purchased a new stake in Standard Motor Products during the first quarter worth approximately $222,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of Standard Motor Products by 7.6% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,994 shares of the auto parts company’s stock worth $235,000 after acquiring an additional 495 shares in the last quarter. 81.26% of the stock is currently owned by institutional investors and hedge funds.
Standard Motor Products Stock Performance
NYSE:SMP opened at $31.53 on Friday. The firm’s fifty day simple moving average is $31.92 and its 200 day simple moving average is $31.25. The company has a current ratio of 2.46, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. Standard Motor Products, Inc. has a twelve month low of $26.09 and a twelve month high of $41.71. The firm has a market capitalization of $684.52 million, a price-to-earnings ratio of 22.68 and a beta of 0.51.
Standard Motor Products Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were paid a $0.29 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 3.68%. Standard Motor Products’s dividend payout ratio (DPR) is presently 83.45%.
Standard Motor Products Company Profile
Standard Motor Products, Inc manufactures and distributes replacement automotive parts in the United States and internationally. The company operates through three segments: Vehicle Control, Temperature Control, and Engineered Solutions segments. The company provides components for the ignition, emissions, and fuel delivery systems, such as air injection and induction components, air management valves, regulators and solenoids, exhaust gas recirculation components, fuel injectors and related components, fuel valves, ignition coils, connectors and sockets, modules, pumps, relays and fuses, starting and charging system parts, and vapor and purge components.
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